Under the settlement pact, $12 million is slated to
go to Allison Schieffelin, the former Morgan Stanley bond
seller at the heart of the allegations, the Associated
Press reported.

US District Judge Richard Berman said the
chairperson of the EEOC and the chief executive of Morgan
Stanley had stepped into the settlement talks over the
weekend. Berman had scheduled opening statements for
today after eight women and four men were chosen as
jurors on Friday.